<em><strong>The Kusama (KSM) prices showcase a post-retest reversal from the 50-day SMA, preparing a bull run to the 100-day SMA at $82.</strong></em>
<h3>Key Technical Points:</h3>
<ul>
 	<li>The KSM prices jumped by 2.63% in the last 24 hours.</li>
 	<li>The Kusama price takes a bullish turnaround with a morning star pattern formation.</li>
 	<li>The 24-hour trading volume of Kusama is $80.52 million, indicating a hike of 78.86%.</li>
</ul>
<h3>Past Performance of KSM</h3>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/ksm-technical-analysis-will-bullish-break-exceed-60-this-week" target="_blank" rel="noopener">previous analysis</a>, the Kusama (KSM) prices exceed the $60 mark and retest it with an evening star pattern. The prevailing reversal rally restarts with a successful post-retest reversal from $60, resulting in a bullish engulfing candle. Moreover, the bull run accounts for a price jump of 40% from the reversal point at $46 to the CMP at $65.

<img src="https://s3.tradingview.com/snapshots/h/HFBHR3Nl.png" alt="TradingView Chart" />

Source - <a href="https://www.tradingview.com/x/HFBHR3Nl/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>KSM Technical Analysis</h2>
The spike in the intraday trading volume trend reflects an increase in buying pressure supporting the possibility of KSM prices reaching the $82 mark. Hence, the uptrend shows a growth potential of 25% to reach the 100-day SMA as it sustains above the 50-day SMA.

The RSI and the MACD indicators show over-the-top bullish support as the buying pressure grows drastically. The RSI slope rises gradually in the nearly overbought zone with the 14-day SMA support to breach the 70% barrier. Moreover, the MACD indicator shows a bullish of fast and slow lines continuing with the intensifying bullish histograms.

In a nutshell, the KSM technical analysis shows an alliance between the price action and technical indicators supporting the uptrend continuation possibility.
<h2>Upcoming Trend</h2>
If the demand for KSM increases over the week, a price jump to the $82 mark seems inevitable. The 100-day SMA breakout will further increase bullish momentum to reach the psychological mark of $100.

Resistance Levels: $82 and $100

Support Levels: $62 and $50

KSM Technical Analysis: Reversal From $60 Ready To Cross 100-day SMA

According to Kusama technical analysis, KSM prices showcase a post-retest reversal from the 50-day SMA, preparing a bull run to the 100-day SMA at $82.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

KSM Technical Analysis: Reversal From $60 Ready To Cross 100-day SMA

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